Sunday, January 24, 2016

Top seven companies lose over Rs 51,000 cr in market cap

Sluggish trend in the stock market pulled down the combined market capitalisation of seven of the top 10 most valued firms by Rs 51,647.43 crore last week.

RIL, Infosys, HDFC Bank, ITC, CIL, ONGC and HUL were the laggards, while TCS, Sun Pharma and HDFC notched up gains in their m-cap.

The m-cap of RIL slumped by Rs 22,396.27 crore, to Rs 3,25,219.68 crore — the maximum slide among the top-10 firms.

CIL’s market valuation tumbled Rs 11,527.37 crore to Rs reach 1,89,459.35 crore, while that of HUL plunged by Rs 6,816.19 crore to Rs 1,67,191.48 crore.

The valuation of ITC diminished by Rs 4,098.71 crore to settle at Rs 2,48,052.44 crore and HDFC Bank lost Rs 3,168.99 crore to reach Rs 2,60,159.65 crore.

ONGC’s m-cap fell by Rs 2,652.21 crore to Rs 1,85,183.58 crore and that of Infosys went down by Rs 987.69 crore to Rs 2,60,909.94 crore.

On the other hand, the valuation of TCS surged by Rs 6,256.11 crore to Rs 4,52,262.47 crore and that of HDFC jumped Rs 1,420.86 crore to Rs 1,82,792.91 crore.

Similarly, Sun Pharma added Rs 998.74 crore to Rs 1,90,133.92 crore in its m-cap.

The list of top-10 companies stood as: TCS, RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, ONGC, HDFC and HUL.

Over the last week, the BSE Sensex closed at 24,435.66, showing a marginal loss of 19.38 points or 0.08 per cent.

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